Eko Electricity crisis deepens as Director faults removal of MD/CEO, Tinuade Sanda over corruption allegation

The last has not been heard in the crisis rocking the over alleged corruption, as the Director, Chairman Legal & Regulatory Committee of the company, Mr. Babor Egeregor, has faulted the purported removal of the Managing Director and Chief Executive Officer of the EkoDisco, Dr Tinuade Sanda from office.

SaharaReporters reported on Tuesday, March 26, that the Nigerian Electricity Regulatory Commission (NERC) directed the board of Eko Electricity Distribution Plc (EKEDC or EKEDP) to suspend with immediate effect all the workers of West Power and Gas Limited working with the company.

SaharaReporters reported on Tuesday, March 26, that the Nigerian Electricity Regulatory Commission (NERC) directed the board of Eko Electricity Distribution Plc (EKEDC or EKEDP) to suspend with immediate effect all the workers of West Power and Gas Limited working with the company.

It was reported that the directive may be connected with the recent petition by some concerned staff members of EKEDP to the Vice President, Senator Kashim Shettima; Independent Corrupt Practices and Other Related Offences Commission (ICPC), and the Economic and Financial Crimes Commission (EFCC) for intervention in the alleged endemic corruption in the management of the electricity distribution firm.
Although the company has dismissed the allegation, describing it as unfounded, the accusers have continued to push for external investigation.

However, in compliance with the directive of NERC, the Board Chairman, Otubu, directed the Managing Director/Chief Executive Officer of Eko Electricity Distribution Plc, Dr. Tinuade Sanda to leave her position, as she was also seconded from WPG.
SaharaReporters learnt that following the directive, the MD/CEO, Chief Legal Officer, Chief Finance Officer, Chief Human Resources Officer, Chief Auditor and Compliance Officer and others on secondment at the company handed over their handover notes to their subordinates on Monday and Tuesday as directed.

But reacting to the report, Director, Chairman Legal and Regulatory Committee, Mr. Babor Egeregor, faulted the Board Chairman’s letter sacking the MD/CEO and others on secondment, insisting that Dr. Tinuade Sanda remains the CEO of EkoDisco.

In a rebuttal, titled: RE: FG Sacks Eko Disco Managing Director, Egeregor explained that there was never a time the Nigerian Electricity Regulatory Commission directed that all staff of EkoDisco on secondment should be sacked.

Egeregor noted that the decision of the NERC was misinterpreted by the Chairman of Board, Dere Otubu, for ulterior motive, adding that the NERC decision on seconded staff was only directed to those connected to the alleged fraud and negligence in the company in the name of – Wola Joseph Condotti, Sheri Adegbenro, and Aik Alenkhe.

The rebuttal partly read: “It has come to my notice that by a letter dated 26th of March 2024, the Chairman of Eko Electricity Distribution Company (EKEDC), Mr. Dere Otubu purportedly terminated the Contract of Employment of Dr. Tinuade Sanda, the MD/CEO of EKEDC, allegedly in compliance with Orders/Directives issued by the Nigerian Electricity Regulatory Commission (NERC).

“The said Order of the NERC, herein displayed, are unambiguous, incapable of, and unyielding to plural interpretations. There was nowhere in the Order where NERC requested the removal of any staff either seconded to or hired by EKEDC except those connected to the alleged fraud and negligence i.e., Wola Joseph Condotti, Sheri Adegbenro, and Aik Alenkhe.

“In fact, NERC’s directives were issued to compel the Board of EKEDC, following picketing by the Union and unrelenting Staff protests, to act appropriately in the face of a determined position of a majority of the Board members to cover up the alleged use of ghost workers together with the alleged fraud and protect Wola Joseph Condotti especially.”

It added, “Mr. Dere Otubu’s letter, therefore, was done in bad faith and in vengeful revenge against the MD/CEO for escalating the alleged fraud and issuing queries against one of his protégés, whom he has desperately swore to protect by all means. As a matter of fact, the Ag DG of the BPE, representing the Government on the Board of EKEDC, vehemently rejected the attempt to cover up the alleged crime and insisted on compliance with the punishment prescribed in the Conditions of Service.

“Rather than comply with the Orders of NERC, a recourse to subterfuge was hatched with the purported termination and the publication of different misleading headlines such as “FG Sacks MD of EKEDC”, “Tinuade Sanda relieved of her position as MD, Eko Distribution Company”.

“There are no doubts about a deliberate agenda and unconcealed mischief to misread the Orders of the NERC to malign Dr. Sanda’s reputation for daring to escalate and issue queries to Wola Joseph Condotti for alleged fraud through the use of ghost workers for 3 years, and continuous payment of salaries to exited staffs despite personally receiving their resignation letters.

“Similar queries were issued to Sheri Adegbenro, the Chief Audit and Compliance Officer and Aik Alenkhe, the Chief Human Resources Officers respectively for their failure and gross negligence to audit and detect fraudulent payments on pay roll for over 3 years.”
Continue, he said “We are also aware of a purported press release appointing Mrs Rekiat Momoh as the Ag MD/CEO.

“The board of EKEDC, on which I sit has neither met nor decided on the purported appointment of Mrs. Rekiah Momoh as Ag. MD/CEO, except Mr. Otubu and his close circle of colleagues have transformed themselves into “the board”. I and all well-meaning members of the EKEDC board, I believe, should vehemently distance themselves from this contrivance.

“The Board is not a one man show, and matters are to be collectively deliberated on and approved by Board members. Mrs Momoh is the Chief Commercial Officer of EKEDC and remains so.

“Mr. Otubu and his co-travellers have chosen to cherry pick the exhaustive interaction with NERC where one of the Commissioners wondered why no one was yet to be tried or in prison for these grievous allegations and how to recover lost funds part owned by the federal government. They are more focused on settling scores with our performance driven MD/CEO, Mrs Tinu Sanda.

“At EKEDC, we are known for due process and legality, and anything that would take away from our avowed commitment to due process and corporate governance would be resisted.

“Therefore, let it be known that Dr. Tinuade Sanda remains the MD/CEO of Eko Electricity Distribution Company and has since her assumption of office as the MD/CEO, turned EKEDC around for good, with very great milestones and achievements which every sector player recognises.

“She made EKEDC the number one distribution company in Nigeria. The Investors, Board, and Management of EKEDC believe firmly in her leadership and look forward to many more record setting and breaking moments.

“This is for the information of the general public and all NESI stakeholders.”